OFTO Policy Review
Details
- Supplier(s)
- SMITH SQUARE PARTNERS LLP
- Value
- £215,500
- Duration
- 2 years
- Topic
- Financial management consultancy services
- Published
- 18 January 2024
- Source
- uk:contracts_finder
Tender description
The processes for bidding for OFTOs does not always meet the targeted dates in the timetable set out in the ITT. The objective of this process efficiency review is to stand back and examine the processes that have built up in the ITT phase to assess whether there are changes that can be made that are within Ofgem's control which will help drive efficiencies in the ITT bidding process and shorten the length of the subsequent Preferred Bidder to Financial Close stage. Consideration should also be given as to whether an incentive mechanism would be beneficial to drive behaviour further. This is to be structured as 3 workstreams which will run broadly in parallel. The first module will review Ofgem's cost assessment process; the second module, opportunities for greater standardisation of the Sale and Purchase Agreement (SPA); and the third module will develop a cash incentive mechanism that takes account of the findings from the two other modules.
Timeline
- Completed: Award published18 January 2024Current notice
- Completed: Award date18 January 2024
- Completed: Contract expiry date17 January 2026
About the buyer
Office of Gas and Electricity Markets (Ofgem) is Britain's energy regulator, a non-ministerial government department. Most goods and services are bought through Crown Commercial Service frameworks, chiefly its Energy and Economic Services and Advice agreement. Lots span gas and electricity engineering, distributed energy resources, and economic and financial advice.
Ofgem then runs a further competition or awards work directly to a supplier on the relevant lot.
Over the past 5 years, most of Ofgem's contract awards have been in business services, software and information systems, and IT services.
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@office-of-gas-and-electricity-markets-ofgem.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@office-of-gas-and-electricity-markets-ofgem.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@office-of-gas-and-electricity-markets-ofgem.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@office-of-gas-and-electricity-markets-ofgem.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@office-of-gas-and-electricity-markets-ofgem.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@office-of-gas-and-electricity-markets-ofgem.gov |
23 similar open tenders
See more open tenders related to Financial management consultancy services.
- Open tender
Glasgow Business Growth Framework - Phase 4
- Open tender
Managed Debt Collection Services
- Open tender
Management Consultancy Dynamic Market
Related buyers
Buyers similar to Office of Gas and Electricity Markets (Ofgem).
- 250£10.6bn
- 184£150.8m
- 148£2.4bn
- 112£24.2m
- 99£7.1bn
- 98£31.1m
- 90£3.0bn
- 71£2.9bn
- 54£46.4m
- 53£4.6bn
Finding public sector work shouldn't be hard
Make your next tender search effortless with Stotles. Set up alerts, find decision maker contacts and never miss a good-fit opportunity again.